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  • Profile photo of melbearmelbear
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    @melbear
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    Hi Caitlyn

    Definitely have a think about suing them – if they couldn’t get finance, then they may not have anything.

    I hope you did get the full 10% deposit (less agents commission of course). Now put it back on the market – you could actually list it for a little less for a quick settlement, and still come out in front.

    Or as Steve suggested, you could always turn it into an IP. Depends on your pressing need for the cash of course.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Originally posted by MortgageHunter:

    Kelvin,

    Is someone trying to sell you a Mortgage Minimisation scheme?

    Well spotted Simon.

    Kelvin the only thing that could make the LOC ‘better’ is the fact you CAN pay it off faster (which is not to say that it happens – you then have a BIG credit card), although I think a lot of the banks let you pay some off your fixed rate anyway.

    From a rate of 5.99% to a rate of 7%+ is a big hike in my book.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Shaun, does it really need council approval? I think you’d know who to ask that question of!!

    As for body corporate approval – who is on the committee? All you need to do is make sure you’ve got a majority vote – or get the other two to attend a meeting with you, and then you can vote for it.

    I’d say you just need to draw up the plans of how the courtyards will be etc. – making sure that the boundaries are within the block etc., and just take that to the meeting.

    Cheers
    Mel

    PS. Moderators, can you move this post to the proper forum please? Bad shaun[}:)]

    Profile photo of melbearmelbear
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    @melbear
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    Originally posted by kay henry:

    What if you have a job you enjoy (and that pays pretty well) and you have RE? That means you have *twice* the wealth, yes?

    Kay, valid points – I should have pointed out that you now have the CHOICE to do what you like, and if you like working, then do it. But you are there knowing that you want to be there, rather than you need the money.

    What would you do Mel, if you didn’t have to go to work? Seriously? How would it improve your life?

    Mate, I have not been to work since April last year (for a half day), and February was my last full day at work.[:)]

    What I have been doing is working out my structures/strategies/plans etc. so that a. my Mum has income of her own in retirement (and doesn’t have to ask my Dad which gets uncomfortable for her after a while), and b. getting things sorted such that any member of my family who chooses to work, can do so, but if, for instance, my sister wished to stay at home for a couple of years to raise my beautiful (but crabby) godson, she can do that without having to worry about $$$.

    Have achieved a., am now working on b. But now I have to face the problem of whether or not I can afford not to go back to work myself[:(]. I’ve got a few things to sort out with my boss before/IF I go back. I don’t think I will!

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Originally posted by SteveMcKnight:
    But… Leigh, I gave you a book close to Xmas… should I give everyone a free book in the sake of fairness, or should I show my appreciation and reward you for the help that you’ve offered me?

    Steve, accepted you want to show thanks and all – but giving Leigh a book and not giving us one is not quite the same as having one rule for one group of people, and another rule for a different bunch.

    I don’t quite know how to explain it – but it just doesn’t ‘sit right’ with me.

    A quick example I can think of would be for Leigh to be able to put a post on the boards saying ‘Enjo for sale’ – special prices for PI members. As it is, I think most people know that Leigh is an ENJOlady, if not by name anymore, but that has come through from reading her helpful posts – rather than one post advertising that fact solely.

    The quicker your new ‘advertisement’ board is up the better I think[:)]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    hissho, the FHOG has nothing to do with the RBA – it’s a government thing.

    I think interest rate rises have more psychological effect. For instance, an interest rate rise is hurting me, but not being able to get the $7K – well, I never qualified anyway.

    Interest rates effect ALL people (especially investors which are predominantly the reason prices have kept going up), and FHOG only affects a small percentage.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Originally posted by shaunwalker:

    I once read somewhere that the definition of wealth is,
    if you were to quit work today, and didnt have to change your lifestyle… how long would you survive?
    for me its about 3 months..
    so when i get to 10 years or so, that will be enough
    shaun

    Nope, Shaun it needs to be infinite! So you need your properties and um, other investments to be paying you money every month that covers all your expenses – and you don’t have to do a thing other than to go to the bank and withdraw it.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    ON your computer? How you do that?

    Have you seen the smeg ups, and the smeg outs?

    Remember when they are in NODNOL, and the guy walks into the room and tells them off? In one of the smeg tapes, they play it backwards – and he’s bascially calling you a complete git for bothering to somehow play the tape backwards just so you can know what he is saying!!

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Matt, when you do it right, there is no lose in freecell – ever.

    If you find yourself in a compromising position, in which a win will not present itself, you still can avoid a loss[}:)]

    Mupppppppppet, why won’t you tell me what file I need to copy? Pleeeeeeeeeeeeeeeease.[:)]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    I like Red Dwarf![:D] Other than that, I hate sci-fi shows.

    In the ‘summer season’ we watch judging amy, of course the cricket – except when we whoop zimbabwe by 3000 runs, then it’s plain boring, although watching Adam Gilchrist bat is good fun – sometimes watch My Wife and Kids, but can’t do it every night – that humour gets on my nerves.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    The most boring thing I do is the paperwork – and in fact, I don’t do it very often, which makes it worse when I do do it, because then it’s all too hard, and it’s a vicious circle.

    Aaaaargh! [:(]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Hate to disappoint guys, but Guru’s post asking where you live is at 2458 at this moment!!

    But I would say this would have to be a record posting for actual investment info [:)]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    young learner, there was a post started by ian_from_brisbane a while ago where he listed all the books (some anyway) he had read, and rated them, and a few others did too.

    If you have a search for it, you could get some useful information.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    We’ve agreed to hold back certain amounts in a sale contract, subject to us fixing the problem within 30 days from settlement. The buyers then tried to hit us up for other things that were not listed on the contract, so you can probably guess what we told them. They have to agree to release the money though.

    If you are the buyer, and the seller is willing to agree to hold back $x, make sure that it would be enough to cover contingencies, but also spell out EXACTLY what you want them to fix.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Hey Digger, no I haven’t as yet – but if Dale said it, I’m more than happy to go with his advice![:)]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Originally posted by Elysium-M:

    Goes to show how little I know!

    Cheers
    Elysium-M

    But I think it shows more how useful a forum like this can be – to make us question what we think we know, and therefore open our minds.

    I’ve certainly had to change a lot of the things that I thought I knew![:D]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Tools., maybe divert one of the other profiles to a different address (create a temp hotmail or yahoo one or something), so you can free up the one you want to use.

    A lot of stuffing around, but unless Admin can give you any other advice, that’s the way I’d do it.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Best fix it up then SIS, cos I see that once you hit the 1000, you’ve taken another break. By the time you’re back, I’ll be 100 ahead again!!![:o)][}:)]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Me too – I had so many posts written, and answered – and then

    ‘Flood Control – bugger off’, or words to that effect[:)]

    Now I see the threads I tried to post to, and think, yeah I was going to add something to that yesterday, but darned if I know what it was now[8]

    I must be getting old – memory failure[:(]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Pisces, I think most people that log on here are doing other things. Heck, the MAP program is teaching them to ‘control’ $1M worth of property in 12 months.

    Buy two houses in Sydney – done! I ‘control’ more than triple that amount – and about half of it I signed contracts on in the space of two months.

    And the Rachel I remember was definitely spelt this way when she posted. I reckon SIS has done equally as many, if not more deals than some of the MAP guys, and look how much he gives to this forum – admittedly, he loves the internet, but still, it’s not hard to spend a little time on here giving back.

    Cheers
    Mel

Viewing 20 posts - 1,381 through 1,400 (of 2,396 total)